Can an Amazon FBA E-commerce Marketing Business Course Helps You Save Office Space Costs?

Save office space costsRunning a business requires a lot of work. You need consider a lot of factors, from sales and operations to marketing and even logistics. One important aspect that businesses are looking into right now is saving office space costs. This is typically considered a necessity, especially for small or new businesses.

If you sell products, an Amazon FBA e-commerce marketing business course can actually help you find ways to save, or if you are solely Internet based, eliminate office space costs.

In case you don’t know what Amazon FBA  (Fulfillment by Amazon) is, it’s actually a service offered by Amazon (aka one of the world’s biggest online shopping platforms) that allows businesses to send products to an Amazon fulfillment center and lets Amazon pick, pack, and deliver products on behalf of the business. When you use this platform, your business can take advantage of Amazon’s services.

Here’s how Amazon FBA can help you save office space costs.

  1. You don’t need to have a brick-and-mortar store.

Amazon FBA works by letting Amazon take the wheel of your business. After paying for this service, you have to send all of your products to their warehouse, and Amazon takes charge after.

Because of this setup, you don’t need to buy or lease a physical store just so you can run your business. You can basically market your products online, forward the orders to Amazon, and wait for your profit to skyrocket.

And because Amazon FBA is one of the firsts in the industry, there are now several tips and tricks to better utilize this service. For concrete examples, you can use journal review pros cons as one of your resources.

  1. You don’t need any warehouse to store your products.

Aside from having a brick-and-mortar store, businesses are usually expected to have their own warehouse. This is especially true for businesses involved in selling wholesale products.

However, the price of putting up or renting a warehouse can be very expensive, not to mention the maintenance costs that you have to take care of. Plus, having a warehouse isn’t a guarantee that your products will be appealing to your target audience.

Paying for Amazon FBA saves you from such problems. It lets you enjoy the following perks:

  • Since you’ll be sending all of your products to one of Amazon’s fulfillment centers, the responsibility of safekeeping these products will be taken off your shoulders.
  • You no longer have to stress out looking for the cheapest warehouse in your area and hire professional to manage it for you.
  • You won’t have inventory limits.
  • Once your business grows and acquires more products, you don’t have to look for a bigger warehouse.
  1. You don’t need to look for another office to accommodate more orders.

Receiving an influx of orders is what businesses want. The number of orders you receive can indicate the effectivity of your marketing campaigns and visibility on the market. However, as the number of orders increases, so does your need for additional manpower. You need more people to handle more orders, more people means a bigger office space, and a bigger office space entails a higher cost.

Amazon FBA helps you steer away from this direction. You can guarantee that Amazon can accommodate all your orders and product storage needs. They have been in this industry for decades, so you can be at ease knowing that your business is in good hands. You’ll be saving money from paying expensive office spaces without compromising the quality of your services.

 Make Use of Available Help

When you’re still trying to make a name in the industry, being economical should be practiced all the time. Money is an important resource in any business, and not paying attention to where and how you spend it can significantly affect your business’s longevity. Amazon FBA, along with other e-commerce marketing business courses, can make your life easier. Use these tools to your advantage in order for your business to thrive and succeed.

5 Things to Look for When You’re Trying to Find Office Space

Trying to find office space can be a pretty difficult task, but it doesn’t have to be. Learn what you need to look for in your future office.

So your business is growing and now it’s time for you to find office space that fits your business needs. That’s great! It’s an exciting time for any business, but you need to make sure you find the right office space.

Small businesses in the US are growing and getting more successful, and it’s great that yours is one of them. It’s important to find an office space where you and your employees can be more productive.

find office space like this

Wondering how to find office space that’s right for you? Here are 5 tips to help you.

1. Location, Location, Location

It’s not all about the actual office space, the location of it is important too. You want to make sure it’s easy for people to get to and not too far out.

Does public transport run nearby? Is it in a safe area of town? What about customers, is your office near to them? These things matter and can make a huge impact on your business.

Find office space somewhere that gets natural light and isn’t too far out. It’ll make for a better working experience and employees and clients can access it with ease.

2. How Much Can You Afford?

You could find the perfect office space in the perfect location. But it won’t matter if it’s out of your budget.

You don’t want to be out of pocket paying for office space. It’s counter-intuitive and is bad for business. Be aware of hidden costs like utilities and parking. Think of how much you need them for business. For example, if you run a media planning business, you’ll need high-speed internet at all times.

Calculate these costs and see how much you can afford. If the space costs too much, you may need to re-evaluate whether now is the right time to rent.

3. What Are the Facilities?

The facilities in the building are important to consider as well. They make a bigger difference than you think.

Does it come with telephones or computers? Is there a burglar and fire alarm? Is it a secure access building? How about the kitchen, does it have a microwave or refrigerator? Does it have a break room or vending machines?

These things matter and can help make your and your employees working days a lot easier.

4. Beware of Competitors

Make sure to scope out the area for competitors before you commit to a space. Are there any nearby which are a direct competitor?

If there are, think about how it will affect your business. If they attract your customers to come to them, you could damage your prospects.

Consider how much competition there is nearby and if it poses a threat. Find somewhere else if it’s too much.

5. Does it Feel Right?

The most important thing about finding the right office space for you is for it to feel right. It could have a lot of great points, but it could be wrong for your business in the long run.

If the ambiance is wrong, it affects the mood of your workplace. If the place is untidy, dark or generally bad environment, it will have an impact.

If the environment feels right though, it will be a better place to work and sell from. It will boost morale and productivity so it’s very important to consider.

Find Office Space That Works for You

When you find office space that ticks these boxes, you boost your business a lot. Don’t overspend on space and find somewhere with the right facilities and location. When you have these things, you’re on track for even more success.

Looking for an office space? Get in touch to see how we can help.

Coworking 101: The 5 Deadly Sins that will Zap Productivity in Coworking Spaces

Coworking spacesWorking at home really sounded like a great thing. No need to get dressed, no in-person meetings, you had your own private bathroom, and basically, you never had to physically interact with any other humans.

After a few stints in bureaucracy-heavy offices, you welcomed the opportunity to get away from it all. Perhaps, you’re a tech-savvy marketer located in Eugene, Oregon working remotely from your fairly priced apartment, things are looking great and much improved from your prior work situation.

The Mindset Shift

But then something happened.

While you enjoyed your work, you found that sometimes you felt like a hermit and you were worried that you were actually losing your ability to communicate with people since you left the house a lot less often.

You realized that although remote employment was what you wanted, you needed more of a semi-office environment, and coworking spaces seemed to be the right answer. Now you’re wondering what behaviors to stay away from in your new office space so that you will work efficiently, and equally important, get along with others.

Here are five things you should be aware of:

Picking the Wrong Space

Make sure you understand the vibe and ambience of of possible choice for coworking spaces and ensure that this determination is made during daily general working hours. Yes, we understand that coworking inhabitants may be at work at any time including weekends, but 1:00 p.m. on a week day would be a good time to check out a new space.

That way, you’ll get the feel of what happens there on a regular day. If you need a place to make private phone calls, make sure that your facility gives you that option. Likewise, if you need to meet clients, your coworking space should have some conference room availability.

Tech

You may want a wired connection for your laptop along with a strong Wi-Fi signal for your phone or pad. Sure, this should be a given, but until you plug in and logon, you can’t be sure that your space is going to provide optimal connectivity. There are no coworking space inspectors that test for adequate Internet signals, so you’ll have to do this yourself.

Discipline

We all wish we could just fire up an app and make money, but we’re talking about your career here. You already had a discipline problem while working at home. No, and it wasn’t your kid talking back to you. It was you watching daytime TV with a big bag of Cheetos when you should have been working. Even though you will be with others at your new workspace, you still have to treat work like work. Try to get there at the same time every day and establish a routine. While you may need to check email constantly as part of your business, you don’t need to follow politics every minute on CNN or Fox News. And while it’s fun to check your stocks every 15 minutes, that’s not conducive to getting anything done.

Smelly Food

You just don’t want to be the smelly food guy. It’s as simple as that. There’s nothing like the aroma of yesterday’s Subway tuna melt wafting throughout the entire area after you nuked it trying to bring it back to life. If you are the smelly food guy, don’t expect to make many new friends at work.

Conversely, it wouldn’t hurt to visit potential coworking spaces at lunchtime to make sure that there aren’t a lot of smelly food people there.

Be Careful on Fridays

Coworkers demand strong Internet signals, clean and modern workspace areas, clean restrooms, and free snacks and even free beer. Just don’t overdo the free snacks and beer part because even though you may be having a good old time every Friday afternoon during an extended happy hour, you may find that now you are only working 4 and a half days per week. If you watch some old movies, you’ll see how many business people seemed to regularly have a few martinis during lunch; bet they didn’t get much work done after that.

Working at home and renting a space at a coworking space are not that different. The same problems that can slow you down at home can reoccur at your new location if you aren’t personally disciplined. And one more thing, crowded downtown areas may lack parking, so if you are thinking of taking your car to work, make sure there is a place to put it.

Tips to Increase the Security and Safety of Your Bookkeeping Office Space

bookkeeping office surveillance Camera

A secure office space is necessary for both the safety of your employees and the sensitive documents involved in your business. For a bookkeeping business relationship to thrive, your clients need to be able to trust you—and you need to make sure that your business doesn’t fail on this front. Successful bookkeeping companies such as Balancing Books Bookkeeping always ensure that their client information is never misplaced or mishandled.

Here are the steps you can take to increase the safety and safety of your bookkeeping office space.

Secure your perimeter

The first thing you need to accomplish is securing your physical space. Make sure to accomplish the following tasks:

  • Perform risk assessment If possible, consult with a security company to receive a professional evaluation of your office space’s strengths and weaknesses. Otherwise, thoroughly examine your location for weak spots and check the local news for crime reports. Use this information to analyze what security threats you might face.
  • Make a security plan Map out your office space. Mark all client entry and exit points, employee entry and exit points, and fire exits. Identify areas that need to have better lighting, CCTV surveillance, and lock replacements.
  • Determine the security budget Given your security plan, you can now canvass for CCTV prices, lock replacement services, and lighting fixes. These are all one-time expenses, but their maintenance and the salaries of security personnel need to be included in the annual budget.
  • Execute your plans Armed with a well-mapped-out plan and the equipment you need, you can now implement your security plan.

Orient your employees on security protocol

Now that your bookkeeping business’s location is secure, you need to focus on security inside your area.

When you’re handling sensitive information like payrolls, bank loans, and inventories, everything inside your office should be protected and every move should be documented.

Here’s what you need to do:

  • Install a sign-in system Use a sign-in system to monitor who enters and exits your office. You will likely be hosting client meetings or entertaining in-person inquiries; having documentation of who comes and goes will give you a written record of everyone who enters your office space. This is particularly useful in the event of a security breach; a sign-in system will help confirm the presence of persons of interest.
  • Secure important equipment Any company devices or equipment should be in a safe location and should require company identification before being used. No employees should be allowed to bring home equipment, documents, and devices. Documents should not be on full display, especially in areas where nonemployees are permitted.
  • Get everyone updated on security protocol Create a security protocol and make sure all employees are oriented. For instance, ensure that the last person who leaves the office locks up all important documents, examines the whole area, and turns off electricity before leaving the office.
  • Create emergency evacuation plans Have emergency evacuation plans on hand, and properly orient all employees. Regularly conduct earthquake drills, if possible. Ensure that all essential documents are retrievable in cases of emergency.

Invest in digital security

Most of your company’s important documents are probably saved on computers, from client files to business permits. All of the company’s digital data and assets, including your website and social media, should be secured to avoid security breaches.

Here are some tips to follow when it comes to strengthening digital security:

  • Install strong firewall and antivirus technologies.
  • Block malicious and unsafe websites, such as torrenting and streaming sites.
  • Encourage all employees to use strong passwords.
  • Change passwords every few months.
  • Encrypt files and data.
  • Regularly back up all systems and files.
  • Disable printer sharing and wireless printing as some information is temporarily stored on printers when using these features.

Stay on top of security maintenance

You know what they say: hope for the best, but prepare for the worst. There’s no such thing as being too careful when you’re running a bookkeeping firm.

  • Routinely check your office’s security features. Repair any broken locks, lights, or cameras at once.
  • Make it a point to update your employees about scams, schemes, and other potential security threats.
  • Ask IT to report attempted security breaches immediately.

More than anything, make sure your employees are aware of your business’ security. Clients will inevitably ask about how you plan on keeping their information safe; it’s essential to have all that information on hand.

Protect Bookkeeping Office

Keeping your bookkeeping business secure is key. When your clients feel safe and reassured, they’re more confident in trusting you. And with these tips on securing your office space, you’ll have no problem securing success in no time, too.

How to Find a Second Medical Office for Rent

Medical office spaceOpening satellite medical office is not just for the large providers, it can benefit even smaller clinics or physicians’ offices. For starters, finding a second medical office for rent will introduce a new set of patients to your brand. Next, you may be able to use the second location as a jumping off point for an even more financially rewarding third office. How do you find the ideal second medical office that you can rent?

  • Choose a location in the heart of the area.

    Avoid out-of-the-way places that do not allow for foot traffic or a clear line of sight from the street. Many professionals have had success with medical office space in strip malls and office buildings where there is not a lot of competition around.

  • Negotiate a build-out allowance.

    You know from opening your first medical office what you will likely need to adjust to make the space suit your needs. Leverage this understanding as a negotiating tool with the new property owner or management company. Ideally, your build-out allowance should cover the majority – if not all – of your planned renovations.

  • Present your brand.

    The color scheme, sign placement, and logo presentation at your satellite office should be identical to the one you already operate. Doing so ensures that patients build brand awareness. In the majority of cases, the signage does not create a problem. If you are unsure, work with a tenant representative who can help you verify zoning rules concerning sign placement.

Of course, the most important aspect is to find a medical office for rent that lets you do what you do best: taking care of patients. Because you do not have the time to devote to a search that might bring you across town multiple times a day, enlist the assistance of a representative who does the legwork. This expert should also be able to assist with building specs and, in some cases, provide virtual office space tours. Contact us today to learn more.

Is Office Space an Employee Benefit?

Office space is an Employee Benefit

Actually, yes. Your office space should be considered an employee benefit. To do so you need to make sure you have developed a good workplace strategy that will allow the office space to shine. Employees do take office space into consideration when deciding where to work. If you treat it like an employee benefit, your employees will be happier and more productive. Your office space is a major resource for your business. It does so much for you. It gives your employees a place to work, and to meet with customers, but really, it does so much more. Your office space has a huge impact on your employees and their work. What can you do to improve your office space for your employees?

Office Location

The first thing that you should consider is how close your office space is to your employees. If your office is far away from any large communities, your employees probably have to drive long distances, while if you’re in the middle of a city, it’s probably just a few minutes, or even a short walk. Long commutes will lead to tired employees, but a short commute every morning will give you energetic employees that are ready to work.

General feel and design

The general feel of the office is actually very important. In addition to being attractive to clients, your employees will greatly appreciate an office with a happy feel. They’ll show this, whether or not they realize it, through working harder and more efficiently, as well as a more positive attitude in general.

Since most office workers spend a considerable amount of time in the office, it is important that you a work environment where employees will be happy and productive.  With a little effort you can upgrade an existing office taking a few of these ideas to implementation.

Colors

The color scheme is more important than you might think.  Studies have shown that different colors can create different moods. As examples, various shades of blues have a more relaxing effect and makes workers more productive.  Green is easier on the eyes and make people feel healthier. There are lots of studies in this area you can investigate

Office Layout

The trend for many companies is in utilizing a more open office layout.  One of the most popular ideas is to have a few desks or tables located in the center of the office with quiet rooms located throughout the rest of the office.  Open floor plans seem to increase teamwork but can become distractions for some workers so having the quiet rooms is important.

Standing Opportunity

Sitting all day is not healthy. Employees who work in offices can often feel the negative effects of sitting all day.  Many offices today are providing opportunities to work while standing.  Adjustable desks that can accommodate workers different heights are popular. Some have even provided table in break rooms where people can stand and have their coffee.

Art

Art work selection can be tricky. It is important that any artwork put in an office be chosen carefully.  Many offices have success with featuring pictures of company events. Also pictures of nearby landmarks or places of notoriety are also effective.  In some cases many companies have benefited utilizing the services of an art consultant.

Floor Coverings

Choose floor coverings to improve the look of their office.  This is cost effective and can have a positive effect on the work environment. Many companies like to get as many employees as possible involved with the floor covering choices.

Add features

Make additions to your office for your employees. A good start is a quality coffee maker or small kitchen if you don’t already have one. Once you have the basics, start making your office unique. Make your break room special or add a gym or library. Adding features that employees can’t get anywhere else can do wonders for employee retention.

Looking for more ways to improve your office space, or a new space all together? Contact us. We can help you find exactly what you’re looking for.

Is Coworking Space really just an Executive Suite?

Coworking spaceThere is quite a bit of public confusion over the terminology used in the office space industry regarding executive suites and coworking space. Many still believe that an executive suite describes the suite of offices on or near the top floor of a skyscraper where the top executives of a company used to work; including only the president or chief executive officer, various vice presidents and their staff. In other words, only the top brass. While coworking space is a relatively new phenomenon and many do not understand what it is. Here is some information that will hopefully clear up the confusion.

Essentially, what they both are is shared serviced offices operated by a management firm that house multiple companies. They have different styles to accommodate different workplace goals. Coworking space has become an extension of the executive suite concept with a different spin. Originally coworking space was intended to serve like kinds of businesses that could work together while still being independent. They have morphed into offices with networking opportunities with other occupants. Here is another article on the idea “WeWork Is Basically Regus With A Paint Job.” WeWork is the largest Cowork provider and Regus the largest Exeutive Suite Provider.

The executive suite / coworking centers are an excellent option for small companies, branches or companies that need flexible lease lengths. Many firms, large and small, choose to operate their business or satellite offices from an executive suite.

Executive suites and coworking spaces are both essentially shared offices with services provided by a management firm. They are a great way for small or growing companies to get off to a fast and low-risk start and a great way for a fast-growing company to have the flexibility for rapid growth. Whether you choose to go with the more conventional executive suite style or the newer coworking trend with depending on the way you want to work.

Generally, executive suites cater to those companies looking for privacy in their workplace; Businesses or individuals who want to be in offices. Coworking space is more suited to those looking to create synergy and network with other companies or individuals located in the space.

They both offer features such as utilities and janitorial, receptionist, secretarial,  personalized telephone answering, mail handling and coffee and food service on-site. There are still a lot more of services that you can avail. They are very much customizable depending on your style, budget and needs.

In an Executive Suite or coworking office, your efforts can be dedicated entirely to your business, while the management company is responsible for typical office management. You will enjoy a professional reception and support personnel without the headaches of hiring, training and employee benefits; state-of-the-art business equipment without purchasing and maintenance problems, and; a staff attentive to both you and your client’s needs.

Executive Suites, along with coworking office space, allows you the added flexibility of short term or long term obligations – both from a planning and a financial statement point of view. Other benefits include:

  • Convenience – A small office near home or the people you do business with every day.
  • Cost – Attractive, professional office accommodations at roughly 30-50% of the
    cost of equipping and staffing conventional office space.
  • Flexibility –  Full or part-time accommodations are generally available (hourly, daily,
    weekly, monthly, annually).
  • No capital investment – There is no need to buy or lease office equipment or furniture. Private offices can be completely furnished as well.
  • Control of operating costs – Offer state-of-the-art business support services which are billed to clients.
  • Higher productivity  – By leaving the operation of your office to a staff of trained professionals, your company personnel can concentrate on managing and marketing your business.
  • Enhanced technology and services – Most Executive Suites / Coworking space provide enhanced Internet technology and first-class concierge handling of business needs.

If you are interested in estimating the cost of an executive suite or coworking space, give our executive suite calculator a try. It will compare your costs at an executive suite type space with that of a conventional office space.

If you are looking for an office, we’d love to help. It is what we do day in and day out. We not only find the right space for your business but also negotiate the deal with you to ensure no mistakes are made and that you get the best deal possible. Contact us for your no obligation meeting.

6 Key Factors to Finding Great Office Space for Your Business

Great Office Space to WOWA great office space can WOW visitors, increases employee productivity, and promotes your business’ image. Choose the wrong space and you may find yourself with lackluster sales, low employee morale, and a floundering business. The key to finding the perfect office space, according to the U.S. Small Business Administration, is to perform a comprehensive assessment of potential locations. Make a list of “must have” attributes. Check out our office space planning checklist to help yourself focus your search.

1. Know the Zoning Laws

Zoning laws vary considerably by location, so it’s essential to become familiar with the regulations in your area. In general, you cannot construct a commercial building in an area zoned for residential property, the SBA notes. To check how a potential property is zoned, contact the planning agency for your municipality. Work with city officials to pay necessary fees, apply for licenses, and complete other paperwork to comply with zoning codes. If you run into trouble, hire a land use attorney to help you navigate complicated local regulations.

2. Understand the State and Local Taxes

Make sure you have a clear understanding of the taxes that you will owe to both the state and local authorities. These can vary significantly from jurisdiction to jurisdiction. You can usually find out information on the jurisdiction’s website or  consult your accountant.

3. Consider Your Visitors and Clients

Think about what types of people will be visiting your space. Will the office be used solely by employees, or will you hold client meetings there? Do you need teleconferencing capability? Does it need to meet industry regulations (such as those set by OSHA or another agency)?

The answers to these questions vary widely based on your business plan, but they significantly influence the type of office space you need. For example, if you want to impress new clients, consider an easily accessible downtown location or a luxurious entrance with a blazing fast internet connection

4. Choose a Location That’s Convenient for Employees

Your business can only be as great as the people working for it. To retain the best employees, carefully consider your office location. If you live in a city with a strong public transportation network, choose an office space near prominent bus or train lines. To make your office commuter-friendly, find a location with ample parking. Also consider perks that improve employee satisfaction, such as an on-site fitness room or a well-equipped break room, suggests Forbes. Thinking about your employees’ needs before you hire them will allow you to attract and retain the best candidates.

5. Decide on a Floor Plan That Complements Your Business Model

When possible, find an office space that requires the least possible renovation to save on costs. To achieve this goal, think about the type of office floor plan that makes most sense for your company. A tech start-up developing a new smartphone app might benefit from an open floor plan that allows employees to easily share new concepts. In contrast, your tax accounting firm may require private offices for each worker in order to increase client confidentiality.

When touring a potential property, consider your desired floor plan and whether it is possible to execute in the space “as is” or if you will need tenant improvements. According to the Harvard Business Review, the most effective floor plans bring employees together to share ideas while providing some private space. Think about the placement of executive offices, conference rooms, bathroom facilities, the reception area, and break rooms. Consider hiring an industrial-organizational psychologist or consultant for tips on how to best use office space to maximize employee efficiency.

6. Get Help From a Professional

There are specialists in your market who specialize in helping business not only find the right space, but also ensure they negotiate the best possible deal. They are known as tenant representatives. Like residential real estate brokers, they represent the buyer (or lessee) who is looking for property, but get paid by the landlord. In other words, there is no cost to you for their services and they are looking after your best interest. They only get paid once you are happy with your selection and make a purchase or sign a lease. They are an invaluable asset and in important team member for any company looking for office space.

While these are not the only factors to take into consideration when looking for office space, taking these 6 factors into account will help smooth out the process.

If you need help finding and negotiating for office space, please contact us. Our services and the services of our member tenant reps won’t cost you anything.

Tips and Tricks To Negotiating the Best Office Space Lease

office space leasePerhaps you operate a small start-up business that has outgrown your home office. Maybe your company is mid-sized and is growing out of the office space you occupy. Or, you may head a large organization that needs an additional facility to support a new contract. Whatever your situation, you’ve realized that you need to lease some office space.

You are now in one of the most exciting and challenging parts of your growing company, acquiring an office space, but alos one that is priime for making expensive mistakes. An office space lease is usually the second biggest expenses after salaries for a business. There are ways that you can do it to get the best office for your business without compromising your budget or other aspects of your business’ growth.

You’ve begun the search for space. You may have used an online commercial office location service such as OfficeFinder.com, a local commercial real estate broker or you may have searched by driving by empty facilities.  Whatever method you used, you’ve found the perfect option for your every need. It is in a strategic location, plenty of space for employees and clients, good security and good facilities.

During the process you have analyzed and understand your business needs for space, not only for the present but for the future too. You know how you will use the space, what are the amenities needed and identified your priorities.

Finally, you’ve decided. You are now ready to move on to the next phase of acquiring an office space, negotiating the best office space lease.

Understanding the Office Space Lease: LEASE 101

An Office Space Lease has three main forms:

Lease is an agreement between the property owner or landlord and the tenant. It has three forms:

  • Full-Service Lease – the rent is all-inclusive. The pay covers all of the expenses associated with the property, such as insurance, maintenance, taxes and even janitorial services.
  • Net Lease – the landlord charges a lower base rent for the space and all of the usual costs that related to operations, maintenance and use that the landlord pays. Net lease also comes in three types:
    • Triple net lease – you share the three additional costs about the base rent. Taxes, insurance and maintenance.
    • Double net lease – two additional costs are added on the base rent, taxes and insurance costs.
    • Single net lease – some of the landlord costs will be charged to the tenant upon negotiation.
  • Gross Lease – this could the most favorable lease for the tenant. The landlord shoulders all of the property expenses that would come across in a net lease.

To obtain a lease for the office space, you should have an experienced guide who will have your best interest at heart and who has negotiated many successful office space leases in the past. A tenant rep broker is a necessity. It’s a sure bet that the landlord or property management company offering the lease has plenty of experienced assistance to help them get an advantage. Shouldn’t you have an expert on your side too? After all, there is no cost to you for their services. It would seem to be a no-brainer.

Protect yourself by following some important guidelines
that can help you negotiate successfully.

Always remember that in negotiating an office space lease, the more knowledge and power you have, the better the outcome. Even with a tenant rep, you will need to stay involved. Find out about the space. Is anyone else looking at it? Has it been vacant for a long time. Aside from having a tenant representative or a broker, it is still important that you are hands-on with the search and you are aware of the important factors, factors that may somehow make a change on a burdensome leasing terms made by landlord throughout the lease process.

Once you’ve told the office property owner that you want to locate your business in their property, you are likely to be presented with a standard lease package. Do not sign any papers at this point but accept the lease for review. Explain to the landlord that you must review the lease with care so that you completely understand it.

Your specific needs are unique and may require significant changes in the office space lease  during negations. Here are a few specific points that any tenant should look for in the standard lease package:

  • An accurate description of the office space should be clearly listed in the lease.
  • How much is the rent and exactly when is it due? Are there any late charges if not paid on the correct date?
  • Is there a security deposit and how much is it? Under what conditions is this deposit repaid upon vacating the commercial office space and what conditions permit the landlord to refuse to return the security deposit?
  • What is the lease period and are there provisions to facilitate lease renewal if desired?
  • What are the terms in the lease regarding vacating the premises early? Do you have the right to move into another, larger office space owned by the landlord without penalty? Do you have any rights to rent additional space if your business grows more rapidly than anticipated?
  • Is there a cleaning deposit for preparing the space for the next tenant when you vacate the premises and is this fee returned if you leave the premises in the same condition as upon delivery?
  • Identify verbiage defining how much parking may be used by the tenant and what, if any, number of spaces can be marked as reserved.
  • Review all references to use of common space. You should have the right to enter and egress at any time of day or night and access to all common spaces unless specific restrictions are contained in the lease. Also, watch out for clauses regarding common space upkeep or charges.
  • The lease should clearly state what utilities are the responsibility of the tenant as well as what should be paid by the landlord. The same goes for charges for maintenance and repairs for any problems not the result of misuse or neglect on the part of the tenant.
  • Is there are space in the lease or reference to an addendum where notes regarding the condition of the property at delivery may be noted.
  • Is there any defined allowance for tenant improvements?
  • What rights to signage are included in the office space lease?
  • Does the lease provide for delivery of a punch list after tenant improvements are accomplished?

Some suggestions to help you become a little more of a lease-expert

Length of Lease and Renewal Options:

The initial office lease period should give you enough time to settle in and determine how this location works for your business but not so long that you must pay a stiff penalty if you decide to move on after two or three years. Try to negotiate a shorter-term lease with a renewal options. Keep in mind that your company’s needs may change, you might get sucked into an office space lease that is too big or small, or with a rent that is above-market if demand for space later drops.

Rent Increases

Watch out for the clause that establishes the amount or percentage at which rent can go up and the specific periods at which this change can occur. Rent should not increase more than annually and should have a reasonable cap set on it so that the cost of leasing the office space does not become outrageous in a short period of time. Usually, landlords refer the annual increases on the percentage increases in Consumer Price Index or CPI, try to arrange for a CPI rent increase that does not set in for at least the first two years of the term. Then, you can try to have the cap on the amount of each year’s increase.

Cost Transferal

Be sure you and your office lease broker understand exactly what costs can be passed long to you or what percentage of those costs can be passed along. Examples can include property tax increases, specific repair costs not caused by your occupancy and the increasing cost of services to the building. Your rent increase should cover the costs associated with increased service costs or taxes and only those building repairs caused by you should be passed along to you.

Landlord’s Right to Early Termination

Check what verbiage is used regarding what, if any, rights the landlord has to terminate your office space lease early and what conditions must be met to justify such early termination. If this clause is too liberal in favor of the landlord, you could easily find yourself seeking different office space much sooner than your business plan set forth. This can be expensive and time consuming for your business and can be avoided with the right wording in this area of the lease.

Repairs, replacements and improvements:

Be mindful about the office space lease clause that says that the tenant must restore the property to its original condition. If this was mentioned to the agreement, try to state that it will be returned to in same condition at the beginning of the least EXCLUDING (1) ordinary wear and tear, (2) damage by fire and untoward incidents, loss or casualty not the fault of the  tenant, (3) improvements approved by the Landlords.

Payment from Corporate Owners:

Watch out for verbiage indicating payment can be sought from the corporate owners rather than the corporation itself.  While some office space owners like to have this protection in the event a business becomes financially insolvent, it does give a landlord too much recourse into the business owners’ private finances to allow entry into the final lease.

One-Sided Lease Provisions:

Be cautious about the landlords that use form lease agreement that can be one-sided. Negotiate on the provisions that are favorable to the landlord. Below are the common types of provisions that one-sided and landlord favorable:

  • Passing on to the tenants, without limit, increased operating costs like property taxes, repairs and or insurance expenses.
  • Landlords disclaiming responsibility for compliance with environmental laws or government act (e.g., disabilities acts)
  • Requiring tenants to pay for tax increases
  • Landlords reserving rights to terminate the lease at their convenience.
  • Prohibiting subletting and assignments.

These are only a few of the clauses that an office space renter should be on the alert for. Turn to your office space broker for the best possible advice on all areas of the lease and lease negotiation process.

There are dozens of additional points that will stand out in the lease. Some of them may be points you do not understand. Make sure to highlight these for investigation. Another verbiage may better meet your needs. Highlight each portion of the lease that either is unclear, misleading or requires negotiation. These are items that you will need to cover with the help of your leasing team, especially your tenant rep.

When negotiating an office space lease or rental, you will find that the devil is hiding in the details and these can cost you lots of money over the life of the lease. Turn to your office lease broker, tenant represetnative, for experienced advice regarding how to negotiate out these demons before signing an office space lease. An old idiom says “God is in the details” which means that attention paid to small things has big rewards. In this case, your goal is to turn those devilish little hidden clauses into the best possible agreement with the landlord for your office space so that everyone can live with the lease for the life of the lease.

We are here to help. It is what we do every day. If you want an expert to help you get the right space with the best possible terms, contact us. We’d be happy to help

Can your company benefit from an agile workplace?

Agile WorkplaceEverything is evolving, fast paced and on the go. We are now in a generation that everything has changed, from “how” we work and even physical places “where” we work. One factor that affects staff’s productivity is the workplace. Development in technologies are helping and creating more smarter and more flexible techniques for workspaces. So, you think you might want to change your traditional office into an  agile workplace but have no idea how or where to begin.

First, let’s define Agile workplace, the concept is activity-based working space and making the work space flexible. It is an office hoteling reservation technique or set up in a workplace. It is a way of utilizing a work area more efficiently, utilizing non-assigned seating arrangement and desk-sharing to maximize and creating collaborative spaces.

According to Allwork.space, an online news publication about trends, tips and insights from the flexible workspace industry; agile working makes sure to combine efficient use of the space with collaborative working and the need to recognise concentration and contemplation, through agile working principles, it shows  how to create and allocate space and furniture according to the tasks to be performed rather than status or rank. They also mentioned that there are five main components to an effective agile office:

  1. An open floor plan. This physical openness allows for easy collaboration between employees, increases the amount of natural light to enter the workspace, and is an extremely efficient use of space. However, the cons of an open floor plan include the potential for an extremely loud environment, distractions from deep work, or difficulty with private conversations.
  2. Breakout areas. These are spaces that can be used for many purposes and are intended to foster creativity beyond the confines of a typical conference room. They allow space to eat,  relax, and create areas for employees to have ad-hoc brainstorm sessions. Again, potential negatives could be difficulty with confidential conversations or noise if clear guidelines of use are not put into place from the start. Areas like these could consist of tables, booths, couches, collaborative desks, etc.
  3. Quiet zones. These are also known as hot spots for focused projects, on-demand concentration, or confidential conversations. Quiet zones require careful oversight so that they are respected by all members of the team. These areas should have some kind of boundaries, like cubicle walls.
  4. Touchdown areas. These are spots for overflow workers to utilize, especially if they’re only in the office periodically. They can be used for short tasks, like answering email or knocking out quick assignments. These touchdown areas could consist of bar stools along a counter or a shared couch., Keep in mind that these workstations are not ideal for long periods of sustained work and are not designed for that purpose.
  5. Easy access to resources. Employees should have easy access to essential resources like physical documentation, equipment, supplies, printers, and copiers when needed. However, be cognizant of where these resources are stored; in an agile workspac,e it’s important to eliminate as much noise intrusion as possible. Ideally these won’t be set up too close to work areas.

How will Agile Workplace benefit your business.

Space Utilization.

Big chunks of the business’ money go to the space – spaces that are under occupied. Practicing agile workspaces are resulting to significantly cheaper expenses in terms of fit-out and occupational costs. It can free up space for other work purposes.

Increase in productivity and efficiency.

It providing an activity-based working environment that allows your staff to work from any arrangement they choose and creates combination of focused, collaborative, creative work that leads to more productivity. Your business will have the ability to work when, where and how employees find the most suitable and comfortable. It will also help reduce absenteeism, by enhancing your workplace, you are also improving staff motivation and enjoyment at work, it lessens burn out and boredom at work. It makes them more energized and excited. By giving your staff the freedom to choose and to be flexible with their expertise, tools and specially workplace, it will allow them to make good decisions that lead to improvement of their performances.

Getting and retaining best talents.

Great examples are companies like Google and Unilever, they have the outstanding reputation as employers. They achieved this by inspiring a workplace and how they value their workers, in return they get loyal employees and performers.

Improved Employee Performance.

The foundation of a successful workplace is its well-designed environment. Strategically designed workplace will help your team to be more dynamic through allowing members to choose the best place and time to perform their duties and tasks. It also impacts Employee Engagement. It boosts the flexibility in communication and staff engagement.

It can adhere to your changing workforce.

Whether business expansion or contraction, your business is very well prepared with all of fluctuation because of its flexibility.

How will you transition your traditional office to an agile office?

From the experience of businesses that have successfully performed the transition, we’ve collected some steps that will help you.

Do Your Research.

Research on the Internet net and learn about the types of companies that have make successful transitions. Look for ways where your business is similar and ways in which it is different. Do a study on your office over the period of a week or more and assess the actual occupancy. If you find your company office space has 20% or more vacant on average, then this may be a good alternative for you. The higher the normal vacancy rate, the better suited to office hoteling. If you find you run 50% or more vacancy, it only makes good sense to implement office hoteling.

Identify Employees Not Suited to Office Hoteling

Look at your skill mix. Few companies have 100% of their employees away from their traditional workspace the majority of the time. Your receptionist, office manager, some executives and management are in the office on a 90% or greater basis. The traditional office is where they perform their jobs. Those workers should be included in the office hoteling plan as permanent on-site and should remain with their traditional assigned workspace. Choose employees available for agile working is the key to making work more efficient for the hoteling workers once the transition is made.

Determine the Maximum Employee Density on an Average Day

Having looked at average occupancy vacancy rates previously, you should be able to translate that study into a highest average occupancy rate. The lower the occupancy, the more money you can save, but you need to be careful to provide enough hoteling workspaces. If not, you could find unhappy employees standing around waiting for workspaces. It is far better to set up an extra workspace or two to be on the safe side. Office hoteling workspaces don’t have to be large or take up a lot of square footage. Better too many than too few.
Choose an Easy to Use Office Hoteling Reservation Software

When employees choose to come in to utilize a workspace or conference, they will need to log into a control system; the office space hoteling reservation system. By entering a unique identifier, they can pick any available workspace to use for their time in office. They can reserve a meeting room if a client gathering is their purpose, even reserving those spaces several days before the meeting. When the employee has finished using the space they reserved, they simply log out of the office hoteling reservation system, or in the case of a meeting room, might close out their meeting room use and select a workspace to make calls or type up minutes of the meeting. A good office hoteling reservation system will even know which workspace they are using and allow the receptionist to route their calls to where they are at work. Here are the different types of tools that are very helpful to achieve an agile workspace.

•    Room booking tools: Bookings can be done in a common system or terminal or through an internet portal. It automates the task of booking meeting rooms, displaying the status of rooms at all times.
•    Desk booking tools:  same with room booking tool, automation can also be applied to the task of assigning shared desk resources. Staff can book a desk remotely and can secure a space when they arrive. Usually, digital displays on desks can also automatically indicate its availability.
•    Digital Sinage: there are installed digital signages in the office that assists employees working from different offices and locations find their way to departments, meeting rooms and other facilities. The signs can be changed easily when needed.
•    Occupancy sensors: providing a real-time data on spare capacity levels, it can also help the monitor activity level and can help capacity planning.

The most commonly used software being used by larger organizations is the Microsoft Outlook. Internal IT Team can help to set up by adding rooms as “resources” in outlook calendar. It’s very user-friendly, in your own calendar, you can easily check if a room or a workstation is in use, blocked or available.

There is Help

Office Hoteling is not a new field and there is help available. There are consultants who specialize in this field and can help you with the transition. it is not necessarily inexpensive to implement an office hoteling system, but it results in savings on average of 30% – 40% of your office rental costs. It is well worth the effort.

IF you need help finding office space where you can create and agile workplace, we are here to help.